Cryptocurrency Market Experiences Significant Liquidations

According to TechFlow, data from Coinglass reveals that the cryptocurrency market witnessed liquidations totaling $287 million over the past 24 hours. Long positions accounted for $70.31 million, while short positions saw liquidations amounting to $217 million. Bitcoin experienced liquidations worth $68.58 million, and Ethereum saw $65.30 million in liquidations. In total, 107,083 traders faced liquidations during this period. The largest single liquidation occurred on a centralized exchange's BTCUSDT trading pair, valued at $3.11 million.